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$2,795,000
296 & 288 Highland Ave, SALEM, SALEM, MA 01970
About this home
Exceptional investment / redevelopment opportunity with outstanding visibility on busy Highland Ave. The property is approved for AUTO BODY USE -a highly sought-after & difficult-to-obtainThe primary retail parcel features a 4,488 SF automotive facility equipped with 6 service bays, 4 lifts, showroom space, manager’s office, parts & stock rooms, customer waiting area, security system. Also included are approximately 12 acres of residential land located behind the main commercial site, offering significant future development potential.The second parcel includes a small residential structure situated on commercially zoned land, presenting excellent redevelopment possibilities. Strategically located alongside major national retailers and traffic generators w/ more than 35,000 vehicles per day.This property is also being offered for lease. Automotive facility (296 Highland Ave) is $15,000 per month modified gross. Add the residential home in for $20,000 per month.
Property details
- MLS #
- 73517059
- Property type
- Home
- Year built
- 1950
- Interior
- 5,483 ft2
- Status
- Active
- Listed by
- Boston Realty
Listed 3 days ago
Facts & features
Location
Nearby
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